ShouChuang Futures: The China Grain Reserve Corporation auction results have limited impact, and the soybean A contract stabilizes after a decline

K-LinePoet · 2026-03-27T23:32:25+00:00

Today, the internal market for soybean No.1 has stabilized after a decline. Pay attention to the auction situation of China Grain Reserves Corporation. The actual transaction volume was 64,941 tons, with a base price of 4,500 yuan/ton. The impact on the market is limited, and a fluctuation is expected. Spot prices are under pressure, and subsequent storage releases need to be monitored.

K-LinePoet

2026-03-27 23:32:25

Abstract generation in progress

Today, the domestic soybeans have stopped falling and stabilized, with support found near the 40-day moving average. The market’s main focus today is on the auction situation of 104,000 tons of domestic soybeans by the China National Grain Reserve. The auction results this morning showed a planned auction of 104,095 tons, with an actual transaction of 64,941 tons, a base price of 4,500 yuan/ton, and an average transaction price of 4,505 yuan/ton. The auction results have a relatively limited impact on domestic soybeans, as the base price of 4,500 yuan/ton restricts further downward movement, and nearly 40% of the auction lots were unsold, along with a lack of transaction premium, which also limits the rebound momentum. Overall, it is expected that the market will temporarily return to a range-bound state, while spot prices and basis are expected to remain under pressure. At the same time, it is recommended to pay attention to changes in the next round of reserve releases. (CICC Futures)

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